Yesterday, both Donuts and Rightside have officially announced the signing of the merger agreement, worth $213 million.
Donuts bought Rightside in cash for $213 million, approximately $10.6/share – about 8% higher than the closing price on June 13, 2017 and 12% higher than the average price per share and 22% over Rightside’s average business value for the previous 30-day term.
After reviewing and analyzing comprehensive strategic options as well as financial issues launched in the first quarter of 2017, Rightside’s board approved the merger agreement. Before that, in 2016, Donuts also had bid for only $70 million but was rejected.
It is expected that Donuts’ purchase of Rightside will be completed in the third quarter of 2017. After the merger, Rightside will become a subsidiary of Donuts.
Right now, Rightside is the owner of Name.com, so buying the company, in addition to being the official manager of the current 40 extensions at Rightside, Donuts will also become parent company of Name.com.
View notification details from Donuts here.
Donuts is one of the largest domain registry in the world. Started in 2010, based in Bellevue, Washington. The company is currently responsible for managing nearly 200 new gTLDs in multiple languages and character sets. May include: .COFFEE, .COUPONS, .EMAIL, .DEALS…